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Musk Responds to “X Money Imminent”: Small-Scale Beta Test Planned, Urging Caution for Savings
Elon Musk’s X is testing its payment feature, X Money, in a limited beta phase, moving closer to his vision of a financial “super app.” He emphasized extreme caution with user savings. Having secured money transmitter licenses in 41 states, X aims to emulate WeChat’s “one-stop-shop” model, potentially disrupting U.S. digital payments, leveraging Musk’s experience with PayPal.